Real Estate Firm Ordered to Pay 840,000 Riyals
The Investment and Commerce Court Ordered a real estate company to reimburse the Plaintiff 840,000 Saudi Riyals, along with compensation of 100,000 Riyals for material and moral damages, due to delaying the delivery of the housing unit and failing to fulfill its contractual obligation. The court confirmed that the company delayed delivering the unit for 12 months, which constitutes a clear breach of the contract and an error attributable to the company. The court also rejected claims unrelated to the specifics of the case.
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